Are there any bonus offers to sign up for the card?

Many (but not all!) new customers get an offer of 5x miles for the first $12,500 on charges in the first 5 days after you receive the physical card.

New language on the transfer partner linking bonus
 

It's not new. I did this in November '23.

edit: it might be different, though. I got 5 airlines and 3 hotels...this just says 5 total loyalty programs which could mean both combined. Dunno.

The new thing that they are now capped it at 500

So I got my first milestone reward. I'm on vacation so I chose the 2x points on restaurants, up to 1000 points. I figure that's $333 in dining over seven days - like shooting fish in a barrel for 1000 points. Not too terrible.

I learn from Reddit - it's only for Bilt Dining!

Naturally, I've never gone to a Bilt Dining restaurant and I'm not even in the US, so that's a complete waste. Not that the other options would be much better (maybe groceries)?

Feels like a decently major fail by Bilt - and I should have read more carefully.

Meanwhile, I'm still waiting for my Platinum gift for last year. Where's that surprise Bilt? It'll probably be 2x points that I had to register for last year or something.

(Yes, I’m still a skeptic about Bilt’s long term viability.) Although it’s a very small step, possibly the start of Bilt cost cutting/devaluation?

Probably targeting people like me who only ever plan on earning a few thousand Bilt points via their Rent Day quiz and those link bonuses. I just recently passed 2k points on my account and will get their for my +1 account in a few months. Probably just should transfer my points when a semi-interesting bonus comes around and call it a day before they, say, increase the minimum transfer requirement to devalue accounts such as mine.

Interesting, I guess you don't know if you get it until you sign up. My concern is that I may be out of town for a few weeks and won't know exactly when the physical card arrives to take advantage of it.

I think it arrives pretty quickly after approval. There are stories/data points for that. So you could time it so you not only are at home, but have also lined up some meaningful large charges (estimated taxes? insurance?). However, it seems we don’t know what percentage of customers actually receives an offer, and if it is completely random or somehow predictable whether an applicant will receive an offer.

Yea, I was paranoid about missing the offer (since it is only good for 5 days) and contacted them after the 2nd day. They told me I had no special offers on the card.
The RNG was not on my side.

FWIW, 4-5 months ago I received my physical card exactly 7 calendar days after instant approval.

From the Wiki:

Platinum gift
 

Still waiting for my platinum gift. Do they send an email with tracking number?

what is the gift?

This blog article reports receiving a "limited edition decor book" : https://milestalk.com/what-is-bilts-...m-reward-gift/

I never received a gift upon reaching Plat.:rolleyes:

As others have mentioned, Wells Fargo is such a garbage bank. Got my physical card on Saturday, clock starts ticking on the 5x welcome offer. Made an online payment right then and there to zero out my outstanding balance so I could spend to the max of the credit limit, but the payment didn't reset my available credit on Saturday like it might with other banks. And then it didn't reset on Sunday. And then it didn't reset on Monday. Tick tock, hope I can take advantage of the Bilt welcome offer! Can't say its an especially welcoming first experience with this card, which is unfortunate because the card itself seems great, but their bank is handicapping their growth with its uselessness.

Did you make the payment from your bank or from the Bilt portal?

From the Wells Fargo Bilt dashboard.

Update: available credit still hasn't reset. I likely won't be able to take advantage of the welcome offer. Even though the payment posted and all, Wells Fargo informs me that I won't be able to spend on the card until next Monday, and that I should take it up with Bilt if I have a problem. Bilt says tough luck. What an unsalvageable waste of a 5/24 slot.

Surely you did not apply for the card just to earn the 5 day bonus, which some cardholders do not receive?

That's what tipped the scale vs other card products that I could have burned the slot on, and I had an offer in the app so I knew I was targeted. Can't imagine that anyone could possibly see that analysis as an unreasonable one.

Absolutely reasonable to apply for a card just for the SUB (even a 5 day quasi SUB) which is often far and away the major determinant of the choice of a credit card application. Granted with Bilt’s unique ability to pointsetize rent and condo payments, Bilt’s quasi SUB might be less of a factor but it’s still a SUB and it’s all about the SUB ;) (for many people).

mia's caveat here was "the SUB isn't guaranteed", but the poster had indication it was happening.

That said, the SUB can't have been completely unused - presumably even without resetting the limit, you spent up to the limit at least ONCE, so there's some use of the SUB?

Might be correct but the (implied) caveat might also have been “5 day” and/or 4/1 SUB ratio. All 3 of those factors (not everyone, short duration, low point to $ ratio) independently differentiate Bilt’s quasi SUB from more traditional SUBs.

Do we have previous reports that there is a way to know in advance if targeted for the credit card new account bonus?

Yeah; issue is that I did nearly all of that spend on the virtual card prior to receiving the physical one & the 5x email. Won't count toward the SUB.

Dunno but probably showed for me since I've had a Bilt account for several months with a decent amount of activity: linked a bunch of transfer partners, have had a good bit of Lyft activity, and actually made a few transfers to top off loyalty accounts when I was a couple grand short of a redemption. Appeared in the app under a header along the lines of "ways to earn more points" with scrollable tiles, one of which had the Bilt card with a "get 5x for first 5 days" tag.

That explains the confusion/misunderstandings. There aren’t many published statistics as to the number of Bilt accounts without a Bilt MC, I suspect that percentage is small. This is also perhaps the first reference to Bilt “virtual card”.

Forbes: “All members who live in properties in the Bilt Rewards Alliance are eligible to earn Bilt Rewards on their monthly rent. Members of Bilt Rewards without the Bilt World Elite Mastercard® can earn up to 250 Bilt Rewards each month. Cardholders can earn up to 100,000 Bilt Rewards each year. You must use the card five times each statement period to earn points (rewards & benefits).”

Reddit: “Is there a purpose to biltrewards without the card?”

Perhaps the teaching point is that it might be more expedient to send an ACH payment than having the CC issuer pull the payment? IME, sent payments can be scheduled as little as 12-18 hours in advance compared to pulled payments which invariably take 1-2 days longer.

Yeah, I just opened the Bilt account as quick way to top off loyalty balances (especially where you can't transfer from other bank currencies, like AA, or where I'm regularly tapped out like UR-->Hyatt).

Is this possible with a card payment? I don't have a WF depository account if that matters.

ETA: Also, the WF dashboard shows that the payment posted; it's not pending. The "last payment received" date is the date of that payment and in the correct amount. The available credit just hasn't updated.

I’m not a banker and only have experience with Bill Pay from 1 or 2 bank accounts. IME, I can input a Bill Pay ACH payment on my (non WF) bank’s website or app until about 7 or 8pm EST, have the payment processed overnight and appear as “received” by Chase in the morning and “posted” (balance decreases and available credit increases) that afternoon. AmEx seems to take several more hours for “receipt” and a little longer for posting.

I’ve only had Chase “pull” a payment (from non Chase bank) once or twice, when I forgot and it was the payment due date. Figured if I initiated the payment on Chase’s website they would see it as occurring on the due date. Took 1-2 days longer for the payment to fully process and my bank account balance to decrease.

Not all issuers allow cardholders to "cycle" a credit limit in the way that you expected. Part of this is an anti-fraud safeguard. The first payment(s) from new customers may not immediately increase available credit, because they have not yet verified that the cardholder is authorized to use the bank account that made the payment.

Do we have previous reports of folks unable to cycle credit with the Bilt card in this fashion? I'm aware that some banks do this, but given the 5-day SUB I suppose I would have expected it to be well-documented if that were the WF policy on this card.

I haven't seen a report.

This would take a combo of someone who got the offer, got a low credit limit, has the ability to spend beyond their credit limit, and has the cash available for Wells Fargo to pull ASAP. That combo might not be too common.

I finally gave in and got a Bilt Rewards account and signed up for their credit card.
- Kids paying rent alone was 50k a yr
Nice package in the mail 2-3 days later. Activated it
Info - your Bilt account is not the same as the Wells Fargo account; Bilt uses your email; Wells Fargo uses a userid

My landlord is currently paid by ACH SENT from my bank account, i.e., my bank sends an ACH payment to his bank account
Bilt sends a check by mail or gives you the ACH info so the landlord can PULL the money from your "rent" account
Bilt gives you an ACH routing number and a "bank" account number you can use to give your landlord to pay rent

I have not found a way to pay someone by ACH from Bilt "bank" account
Anyone with more experience please let me know.

Mods, I hope this is correct forum - feel free to move

Second issue
When I logged in to the Bilt App, it found 20 of my credit card accounts
- must have read my credit report when I applied, as all my accounts were there-
and invited me to LINK THOSE accounts to get rewards for paying rent!

I thought Bilt worked only with Wells Fargo!
can I double dip??
Can I use my Capital One visa account to let Bilt pull cash for rent and get both Bilt Rewards and Capital One miles ???
Anyone with expertise / experience linking Bilt Rent to non WellsFargo, please post or pm me.
Thanks

No, linking it will only lead to spend on your other cards counting towards Bilt "status" and if you eat at "Bilt Dining" venues and Pay with a linked card, you get those bonus points. You don't get to double dip.

so if I use my everyday card - Capital One Venture X and link it at Bilt
- will the spend on Cap 1 get me Bilt Status or do I have to go through the app ?

Was it a rent payment ?
My landlord gave me his ACH routing number and account - can I pay that from Wells fargo Bilt dashboard?
From Bilt -
I cannot see an option other than to write a check to him and mail it (and if lost in mail - more issues)

Only ONE RENT payment per 30 day period will get points

Only flight/hotel spend through the bilt portal, bilt dining spend and lyft spend on linked cards counts towards bilt status. If you download the app and look at the elite status section, it explains it pretty well.

FWIW I've never bothered linking any card.

Not sure why you quoted my two year old post, but this is wrong. My building is in the Bilt Alliance and generally posts monthly rent to the ledger around the 29th and then water and other misc things come in on the 1st as that's when their third party vendor sends over the numbers. I often pay them separate and both transactions earn points, and both count toward the 5 transactions.

If you're not in the alliance and Bilt is sending a check, maybe there's different limits like one per 30 days as you say, I wouldn't know about that. It's not true in every scenario though. Also, regardless of what the case is, that wasn't really the question I was posing back then which is whether the rent payments counted toward the 5 transactions or not (it does).

I was quoting from the Bilt website that I was reading through at this time
Good to know; my own rent comes in 2 parts - rent and utilities and I hope that both go through, as I am not sure what comes first

Bilt’s T&C are very specific regading use of the “bank” account: “50k a year” in rent might refer to more than one rent payment per month. The middle of this post goes to that subject.

Any data points on how long the Bilt card takes to ship? Is there any way to ask for expedited shipping? (So that it arrives before March 1st). And is the 5x points on purchases in the first 5 days a standard offer to all new card holders? Thanks in advance, all!